Betty C Ketchum Foundation
- Assets
- $8.7m
- Revenue
- $609.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Center Conway, NH
- Founding
- 04/2019
- Data as of
- 12/2021
- EIN
- 82-4731555
Organization Overview
Betty C Ketchum Foundation is located in Center Conway, NH. The organization was established in 2019. According to its NTEE Classification (P71) the organization is classified as: Adult Day Care, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Betty C Ketchum Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Betty C Ketchum Foundation generated $609.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (51.1%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS ESTABLISHED TO SUPPORT THE PHYSICAL, EMOTIONAL, RECREATIONAL, AND SOCIAL NEEDS OF SENIOR CITIZENS WITH DEGENERATIVE ILLNESSES ASSOCIATED WITH AGING AND RELATED MEMORY LOSS DISORDERS THROUGH THE CONSTRUCTION OF AN ADULT DAY CENTER IN CARROLL COUNTY, NEW HAMPSHIRE, A RURAL AREA IN THE NORTHERN HALF OF THE STATE. THE NEWLY CONSTRUCTED FACILITY (OPENED SEPTEMBER 2019) WAS RENTED AT A SUBSTANTIALLY DISCOUNTED RATE THROUGH OCTOBER 1, 2020 TO A LOCAL HOSPITAL-OWNED 501(C)(3) ENTITY THAT WAS OPERATING THE FACILITY. AS OF OCTOBER 1, 2020, THE ORGANIZATION TOOK OVER THE OPERATIONS OF THE ADULT DAY CENTER, PROVIDING DIRECT SERVICES TO THE ADC'S ELDER CLIENTELE.
THE FOUNDATION WILL PROVIDE CONTINUING ADVISE AND GUIDANCE WITH REGARDS TO THE OPERATION OF THE FACILITY AS WELL AS PROVIDE ASSISTANCE TO OTHER PUBLIC CHARITIES AND CAUSES IN THE AREA THAT PROVIDE HEALTH CARE DELIVERY TO SENIOR CITIZENS AND OTHER DISADVANTAGED CITIZENS. THE FOUNDATION WILL ALSO PROVIDE RELATED EDUCATIONAL RESOURCES TO THE PUBLIC WITH REGARDS TO ELDER CARE ISSUES AND SUPPORT IN ORDER TO IMPROVE THE HEALTH AND GENERAL WELFARE OF THE GROWING SENIOR COMMUNITY AND THEIR CAREGIVERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Grenier Trustee | 2 | $0 | |
Jeremy Angell Trustee | 2 | $0 | |
Norman Cloutier President | 20 | $0 | |
Stephen Woodcock Treasurer | 2 | $0 | |
Rachel Damon Trustee | 2 | $0 | |
Susan Staples Smith Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $281,666 |
| Interest on Savings | $0 |
| Dividends & Interest | $127 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $327,455 |
| Total Revenue | $609,248 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $449,502 |
| Pension plans, employee benefits | $126,145 |
| Interest | $0 |
| Taxes | $39,443 |
| Depreciation | $262,094 |
| Occupancy | $40,500 |
| Travel, conferences, and meetings | $668 |
| Printing and publications | $0 |
| Other expenses | $100,678 |
| Total operating and administrative expenses | $1,025,523 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,025,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,368 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $8,624,177 |
| Other assets | $0 |
| Total assets | $8,702,545 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $7,909 |
| Total liabilities | $7,909 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Betty C Ketchum Foundation has recieved totaling $12,250.
| Awarding Organization | Amount |
|---|---|
New Hampshire Charitable Foundation Concord, NH PURPOSE: For general support, transportation, Community Inclusion Initiative | $12,250 |
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